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For mobile banking and payments to succeed and reach mass-market adoption, financial institutions and mobile network operators must work together. Simply put, operators are unable to support and manage individual applications from 15,000 individual financial institutions. Alternatively, financial institutions are not prepared to build, manage, certify, market and support mobile banking and payment applications for multiple carriers, hundreds of handsets and hundreds of operating systems.
For this reason, Firethorn is built on a solid foundation of experience that spans the financial services and wireless communication industries. Firethorn’s management team and staff possess extensive financial services, payments and transaction processing experience. Collectively they have implemented over 2,000 financial institutions and trained over 20,000 bankers to date. Firethorn’s management team also has deep wireless experience with all major wireless carriers.
Firethorn leverages the collective experience of this team by operating as a federation that assembles, connects and manages the complex web of partners, network standards and platform interfaces that make mobile banking and payments possible.
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